Gladstone Commercial Co. (NASDAQ:GOODO) Short Interest Up 387.7% in April

Gladstone Commercial Co. (NASDAQ:GOODO) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 317 shares, an increase of 387.7% from the April 15th total of 65 shares. Based on an average daily trading volume, of 3,027 shares, the short-interest ratio is presently 0.1 days.

Gladstone Commercial Stock Performance

Shares of GOODO traded down $0.01 during trading hours on Friday, hitting $20.32. 939 shares of the company were exchanged, compared to its average volume of 7,967. The firm’s 50 day moving average is $19.92 and its 200-day moving average is $20.18. Gladstone Commercial has a 52 week low of $19.42 and a 52 week high of $22.20.

Gladstone Commercial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be issued a $0.125 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Tuesday, June 23rd.

About Gladstone Commercial

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.